China’s economy grew 4.7 per cent year on year in the second quarter, official data showed on Monday, missing forecasts and marking a slower rate of expansion compared with the previous three months.
Gross domestic product, which added 5.3 per cent in the first quarter on the year before, had been expected to rise 5.1 per cent based on economists polled by Reuters.
The world’s second-largest economy has grappled with weak consumer demand and a prolonged property slowdown, prompting greater intervention from policymakers in recent months.
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